If cotton is in a glut, why the high prices?

Market Pulse: September 10

This past week we saw numerous headlines regarding the large supplies of cotton worldwide. One actually said countries like China have a glut of cotton. Since the first of August we have seen cotton prices trading near $0.70 per pound and now cotton is trading at $0.76 per pound. Why the rise?

Last week Dec Cotton opened at $0.7728 and closed the week at $0.7580.

Proceed to Page 2 for the latest COT Data...

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